Insulation Market Size - By Product (Fiberglass/Glass Wool, Mineral Wool, Plastic foam, Others), By Application (Residential Construction, Industrial, HVAC & OEM, Non-residential Construction) & Global Forecast, 2022 - 2030
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Insulation Market Size - By Product (Fiberglass/Glass Wool, Mineral Wool, Plastic foam, Others), By Application (Residential Construction, Industrial, HVAC & OEM, Non-residential Construction) & Global Forecast, 2022 - 2030
Insulation Market Size - By Product (Fiberglass/Glass Wool, Mineral Wool, Plastic foam, Others), By Application (Residential Construction, Industrial, HVAC & OEM, Non-residential Construction) & Global Forecast, 2022 - 2030
Insulation Market Size
Insulation Market size crossed USD 49 billion in 2021 and is all set to exhibit a CAGR of over 7% between 2022 and 2030.
A significant rise in investments across the construction sector focused on the development of robust infrastructure may drive industry expansion. The massive growth in the global population and an increasing number of people migrating from rural to urban regions have pushed the requirement for adequate housing and commercial spaces.
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The fast-paced urbanization and industrial growth across developed and developing economies have encouraged government and administrative authorities to make noticeable investments in infrastructure development, spurring the demand for advanced insulation systems. In addition, the increasing construction of energy-efficient buildings driven by the rising environmental concerns and growing awareness about the efficient use of resources may further strengthen the insulation market outlook.
| Report Attribute | Details |
|---|---|
| Base Year | 2021 |
| Insulation Market Size in 2021 | USD 49 Billion |
| Forecast Period | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR | 7.4% |
| 2030 Value Projection | USD 95 Billion |
| Historical Data for | 2018 to 2020 |
| No. of Pages | 350 |
| Tables, Charts & Figures | 391 |
| Segments covered | Product, Application |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Insulation Market Analysis
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The plastic foam segment is expected to witness growth rate of around 7% and will reach a valuation worth USD 53 billion by 2030. The increasing popularity of plastic wool insulation can be credited to its superior thermal resistance, inexpensiveness, and relatively low vulnerability to insects and moths compared to naturally derived insulation materials such as sheep wool insulation. The rising concerns about environmental sustainability and rapid growth in the utilization of recycled materials may positively influence the plastic wool insulation demand.
The residential construction application accounted for more than 50% of the insulation market share in 2021 and is speculated to exceed USD 46 billion by 2030. The increasing number of housing projects driven by the robust economic landscape and the consistent improvement in disposable incomes may create new growth prospects for the industry. As per Eurostat facts and figures, the household investment rates in Cyprus, Finland, Netherlands, and Germany accounted for 12.5%, 12%, 12%, and 10%, respectively in 2020. These investments, coupled with the strict government regulatory framework towards sufficing the proper building codes and insulation, may foster product adoption across the residential sector.
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Regarding the regional landscape, the Asia Pacific insulation market is set to account for nearly 45% of the revenue share by 2030. Rapid population growth and surging urbanization and industrial development, paving the way for infrastructure expansion are likely to fuel the regional industry statistics. The Asia Pacific has witnessed a positive economic outlook and a substantial rise in people's living standards, driving the adoption of energy-efficient insulation solutions. Moreover, the increasing emphasis on providing better roads and building infrastructure by governments across regional economies such as China, India, and Japan may transform the regional market dynamics.
Insulation Market Share
Notable shareholders in the insulation market include
- Owens Corning Corp
- BASF
- CertainTeed Corporation
- Huntsman International
- Dow Chemical Company
- Rockwool International A/S
- Knauf Gips KG
- Johns Manville
- Armacell International S.A
- Lloyd Insulations (India)
- Atlas Roofing Corporation
- Duro-Last Roofing Inc
- Recticel Insulation
- Paroc
- UP Twiga Fiberglass
- Beijing New Building Material Group
- Supreme Petrochem Limited
- Superlon Worldwide
- SY Panel Company Limited
- Shinwoo Industrial Company Limited
- Sae Rom Panel
- Shengquan Group
- Bondor Indonesia
- Polyglass
- Nichias Corporation
- Mag-Isover
- Luyang Energy-Saving Materials
- Byucksan Corporation
- KCC Corporation
- Kingspan Group
- Huamei Group
- Kaneka Corporation
- Kumho Petrochemical
- EcoFoam/Insulations.
These companies have been constantly focusing on strengthening their strategic landscape to boost their global presence and expand their product offerings. For instance, in August 2022, ROCKWOOL launched its new product range comprising NyRock Rainscreen 032 and Frame Slab 032, leveraging NyRock technology to offer the lowest lambda stone wool insulation in Britain. The NyRock Rainscreen 032 product line is specially designed for sealed structures and ventilated cladding, such as curtain walling
COVID-19 Impact
The insulation industry experienced a significant drop in sales during the COVId-19 pandemic. The halt in new construction activities and repair and maintenance projects due to the imposition of strict lockdown measures across most economies resulted in diminishing demand for insulating materials. The non-availability of raw materials and labor migration disrupted the supply chain management. Aditionally, the diversion of government funds towards medical and healthcare further worsened the crisis. However, lately, with the significant reduction in COVID-19 infections and eased restrictions across several economies, the market is on its way to making a rapid recovery and may register considerable momentum over the coming years.
This market research report on insulation includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2018 to 2030, for the following segments
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Market, By Product
- Fiberglass/Glass Wool
- Mineral Wool
- Plastic foam
- EPS
- XPS
- Others
- Others
Market, By Application
- Residential construction
- Industrial, HVAC & OEM
- Non-residential construction
Market, By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Belgium
- Sweden
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- Thailand
- South Korea
- Vietnam
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Scope & definitions
1.2 Methodology & forecast parameters
1.3 Region-wise COVID-19 impact analysis
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 Middle East & Africa
1.4 Regional trends
1.5 Data Sources
1.5.1 Secondary
1.5.2 Primary
Chapter 2 Executive Summary
2.1 Global insulation market 360o synopsis, 2018 – 2030
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Global Insulation Market Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2018 - 2030
3.3 Industry ecosystem analysis
3.3.1 Raw material analysis
3.3.2 Profit margin analysis
3.3.3 Value addition at each stage
3.3.4 Distributor channel analysis
3.3.5 Vendor matrix
3.4 Technology landscape
3.4.1 Production process
3.4.1.1 Glass fiber
3.4.1.2 EPS
3.5 Fiberglass industry outlook
3.5.1 Key trends & opportunities
3.5.2 Infrastructure investment, by sector
3.5.2.1 Residential
3.5.2.2 Commercial
3.6 Consumer buying behavior
3.7 Regulatory landscape
3.7.1 U.S
3.7.1.1 California code of Regulations
3.7.1.2 Insulation certification by manufacturer
3.7.1.3 Installation of Urea Formaldehyde Foam Insulation
3.7.1.4 Flame Spread Rating of Insulation
3.7.1.5 Installation of Insulation in Existing Building
3.7.1.6 Insulation Requirements for Heated Slab Floors
3.7.2 European Union
3.7.2.1 Energy Efficiency Directive
3.7.2.1.1 Energy Performance of Buildings Directive (EPBD)
3.7.2.1.2 Energy and Climate Framework for 2030
3.7.2.1.3 Energy Labelling of Windows
3.7.2.2 Green Public Procurement Product Sheet
3.7.2.2.1 Technical specification
3.7.3 Asia-Pacific
3.7.3.1 China
3.7.3.1.1 Building codes for China
3.7.4 MEA
3.7.4.1 United Arab Emirates
3.7.5 Latin America
3.7.5.1 Mexico
3.8 Pricing Analysis
3.8.1 Fiberglass/glass wool
3.8.2 Mineral Wool
3.8.3 Plastic Form
3.8.3.1 EPS
3.8.3.2 XPS
3.8.3.3 Other plastic foam
3.8.4 Others
3.8.5 Cost Structure Analysis
3.8.5.1 R&D cost
3.8.5.2 Manufacturing & equipment cost
3.8.5.3 Raw material cost
3.8.5.4 Distribution cost
3.8.5.5 Operating cost
3.8.5.6 Miscellaneous cost
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.2 Industry pitfalls & challenges
3.10 Innovation & sustainability
3.11 Growth potential analysis
3.12 Competitive landscape
3.12.1 Top players overview
3.12.2 Company market share, 2021
3.12.3 Key stakeholders
3.12.4 Strategy dashboard
3.13 Porter’s analysis
3.13.1 Threat of new entrant
3.13.2 Supplier power
3.13.3 Buyer power
3.13.4 Threat of substitutes
3.13.5 Industry rivalry
3.14 PESTEL analysis
Chapter 4 Global Insulation Market, By Product
4.1 Insulation market share, by product, 2021 & 2030
4.2 Fiberglass/ glass wool
4.2.1 Market estimates and forecast, 2018 – 2030
4.2.2 Market estimates and forecast, by region, 2018 - 2030
4.3 Mineral Wool
4.3.1 Market estimates and forecast, 2018 – 2030
4.3.2 Market estimates and forecast, by region, 2018 - 2030
4.4 Plastic Foam
4.4.1 Market estimates and forecast, 2018 – 2030
4.4.2 Market estimates and forecast, by region, 2018 – 2030
4.4.3 Expanded Polystyrene (EPS)
4.4.3.1 Market estimates and forecast, 2018 – 2030
4.4.3.2 Market estimates and forecast, by region, 2018 – 2030
4.4.4 Extruded Polystyrene (XPS)
4.4.4.1 Market estimates and forecast, 2018 – 2030
4.4.4.2 Market estimates and forecast, by region, 2018 – 2030
4.4.5 Others
4.4.5.1 Market estimates and forecast, 2018 – 2030
4.4.5.2 Market estimates and forecast, by region, 2018 – 2030
4.5 Others
4.5.1 Market estimates and forecast, 2018 – 2030
4.5.2 Market estimates and forecast, by region, 2018 – 2030
Chapter 5 Global Insulation Market, By Application
5.1 Insulation market share, by application, 2021 & 2030
5.2 Residential construction
5.2.1 Market estimates and forecast, 2018 – 2030
5.2.2 Market estimates and forecast, by region, 2018 –2030
5.2.3 Industrial, HVAC & OEM
5.2.3.1 Market estimates and forecast, 2018 –2030
5.2.3.2 Market estimates and forecast, by region, 2018 – 2030
5.2.4 Non-residential construction
5.2.4.1 Market estimates and forecast, 2018 –2030
5.2.4.2 Market estimates and forecast, by region, 2018 – 2030
Chapter 6 Global Insulation Market, By Region
6.1 Insulation market share, by region, 2021 & 2030
6.2 North America
6.2.1 Market estimates and forecast, 2018 – 2030
6.2.2 Market estimates and forecast, by product, 2018 – 2030
6.2.3 Market estimates and forecast, by application, 2018 – 2030
6.2.4 US
6.2.4.1 Market estimates and forecast, 2018 – 2030
6.2.4.2 Market estimates and forecast, by product, 2018 – 2030
6.2.4.3 Market estimates and forecast, by application, 2018 – 2030
6.2.5 Canada
6.2.5.1 Market estimates and forecast, 2018 – 2030
6.2.5.2 Market estimates and forecast, by product, 2018 – 2030
6.2.5.3 Market estimates and forecast, by application, 2018 – 2030
6.3 Europe
6.3.1 Market estimates and forecast, 2018 – 2030
6.3.2 Market estimates and forecast, by product, 2018 – 2030
6.3.3 Market estimates and forecast, by application, 2018 – 2030
6.3.4 Germany
6.3.4.1 Market estimates and forecast, 2018 – 2030
6.3.4.2 Market estimates and forecast, by product, 2018 – 2030
6.3.4.3 Market estimates and forecast, by application, 2018 – 2030
6.3.5 UK
6.3.5.1 Market estimates and forecast, 2018 – 2030
6.3.5.2 Market estimates and forecast, by product, 2018 – 2030
6.3.5.3 Market estimates and forecast, by application, 2018 – 2030
6.3.6 France
6.3.6.1 Market estimates and forecast, 2018 – 2030
6.3.6.2 Market estimates and forecast, by product, 2018 – 2030
6.3.6.3 Market estimates and forecast, by application, 2018 – 2030
6.3.7 Spain
6.3.7.1 Market estimates and forecast, 2018 – 2030
6.3.7.2 Market estimates and forecast, by product, 2018 – 2030
6.3.7.3 Market estimates and forecast, by application, 2018 – 2030
6.3.8 Italy
6.3.8.1 Market estimates and forecast, 2018 – 2030
6.3.8.2 Market estimates and forecast, by product, 2018 – 2030
6.3.8.3 Market estimates and forecast, by application, 2018 – 2030
6.3.9 Sweden
6.3.9.1 Market estimates and forecast, 2018 – 2030
6.3.9.2 Market estimates and forecast, by product, 2018 – 2030
6.3.9.3 Market estimates and forecast, by application, 2018 – 2030
6.3.10 Netherlands
6.3.10.1 Market estimates and forecast, 2018 – 2030
6.3.10.2 Market estimates and forecast, by product, 2018 – 2030
6.3.10.3 Market estimates and forecast, by application, 2018 – 2030
6.3.11 Belgium
6.3.11.1 Market estimates and forecast, 2018 – 2030
6.3.11.2 Market estimates and forecast, by product, 2018 – 2030
6.3.11.3 Market estimates and forecast, by application, 2018 – 2030
6.3.12 Russia
6.3.12.1 Market estimates and forecast, 2018 – 2030
6.3.12.2 Market estimates and forecast, by product, 2018 – 2030
6.3.12.3 Market estimates and forecast, by application, 2018 – 2030
6.4 Asia Pacific
6.4.1 Market estimates and forecast, 2018 – 2030
6.4.2 Market estimates and forecast, by product, 2018 – 2030
6.4.3 Market estimates and forecast, by application, 2018 – 2030
6.4.4 China
6.4.4.1 Market estimates and forecast, 2018 – 2030
6.4.4.2 Market estimates and forecast, by product, 2018 – 2030
6.4.4.3 Market estimates and forecast, by application, 2018 – 2030
6.4.5 India
6.4.5.1 Market estimates and forecast, 2018 – 2030
6.4.5.2 Market estimates and forecast, by product, 2018 – 2030
6.4.5.3 Market estimates and forecast, by application, 2018 – 2030
6.4.6 Japan
6.4.6.1 Market estimates and forecast, 2018 – 2030
6.4.6.2 Market estimates and forecast, by product, 2018 – 2030
6.4.6.3 Market estimates and forecast, by application, 2018 – 2030
6.4.7 Australia
6.4.7.1 Market estimates and forecast, 2018 – 2030
6.4.7.2 Market estimates and forecast, by product, 2018 – 2030
6.4.7.3 Market estimates and forecast, by application, 2018 – 2030
6.4.8 Malaysia
6.4.8.1 Market estimates and forecast, 2018 – 2030
6.4.8.2 Market estimates and forecast, by product, 2018 – 2030
6.4.8.3 Market estimates and forecast, by application, 2018 – 2030
6.4.9 South Korea
6.4.9.1 Market estimates and forecast, 2018 – 2030
6.4.9.2 Market estimates and forecast, by product, 2018 – 2030
6.4.9.3 Market estimates and forecast, by application, 2018 – 2030
6.4.10 Thailand
6.4.10.1 Market estimates and forecast, 2018 – 2030
6.4.10.2 Market estimates and forecast, by product, 2018 – 2030
6.4.10.3 Market estimates and forecast, by application, 2018 – 2030
6.4.11 Indonesia
6.4.11.1 Market estimates and forecast, 2018 – 2030
6.4.11.2 Market estimates and forecast, by product, 2018 – 2030
6.4.11.3 Market estimates and forecast, by application, 2018 – 2030
6.4.12 Vietnam
6.4.12.1 Market estimates and forecast, 2018 – 2030
6.4.12.2 Market estimates and forecast, by product, 2018 – 2030
6.4.12.3 Market estimates and forecast, by application, 2018 – 2030
6.5 Latin America
6.5.1 Market estimates and forecast, 2018 – 2030
6.5.2 Market estimates and forecast, by product, 2018 – 2030
6.5.3 Market estimates and forecast, by application, 2018 – 2030
6.5.4 Market estimates and forecast, by form, 2018 – 2030
6.5.5 Brazil
6.5.5.1 Market estimates and forecast, 2018 – 2030
6.5.5.2 Market estimates and forecast, by product, 2018 – 2030
6.5.5.3 Market estimates and forecast, by application, 2018 – 2030
6.5.6 Mexico
6.5.6.1 Market estimates and forecast, 2018 – 2030
6.5.6.2 Market estimates and forecast, by product, 2018 – 2030
6.5.6.3 Market estimates and forecast, by application, 2018 – 2030
6.5.7 Argentina
6.5.7.1 Market estimates and forecast, 2018 – 2030
6.5.7.2 Market estimates and forecast, by product, 2018 – 2030
6.5.7.3 Market estimates and forecast, by application, 2018 – 2030
6.6 MEA
6.6.1 Market estimates and forecast, 2018 – 2030
6.6.2 Market estimates and forecast, by product, 2018 – 2030
6.6.3 Market estimates and forecast, by application, 2018 – 2030
6.6.4 South Africa
6.6.4.1 Market estimates and forecast, 2018 – 2030
6.6.4.2 Market estimates and forecast, by product, 2018 – 2030
6.6.4.3 Market estimates and forecast, by application, 2018 – 2030
6.6.5 Saudi Arabia
6.6.5.1 Market estimates and forecast, 2018 – 2030
6.6.5.2 Market estimates and forecast, by product, 2018 – 2030
6.6.5.3 Market estimates and forecast, by application, 2018 – 2030
6.6.6 UAE
6.6.6.1 Market estimates and forecast, 2018 – 2030
6.6.6.2 Market estimates and forecast, by product, 2018 – 2030
6.6.6.3 Market estimates and forecast, by application, 2018 – 2030
Chapter 7 Company Profiles
7.1 Owens Corning Corp.
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 Strategic Outlook
7.1.5 SWOT Analysis
7.2 BASF SE
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 Strategic Outlook
7.2.5 SWOT Analysis
7.3 CertainTeed Corporation
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.3.4 Strategic Outlook
7.3.5 SWOT Analysis
7.4 Huntsman International
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 Strategic Outlook
7.4.5 SWOT Analysis
7.5 Dow Chemical Company
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 Strategic Outlook
7.5.5 SWOT Analysis
7.6 Rockwool International A/S
7.6.1 Business Overview
7.6.2 Financial Data
7.6.3 Product Landscape
7.6.4 Strategic Outlook
7.6.5 SWOT Analysis
7.7 Knauf Gips KG
7.7.1 Business Overview
7.7.2 Financial Data
7.7.3 Product Landscape
7.7.4 Strategic Outlook
7.7.5 SWOT Analysis
7.8 Johns Manville
7.8.1 Business Overview
7.8.2 Financial Data
7.8.3 Product Landscape
7.8.4 Strategic Outlook
7.8.5 SWOT Analysis
7.9 Armacell International S.A.
7.9.1 Business Overview
7.9.2 Financial Data
7.9.3 Product Landscape
7.9.4 Strategic Outlook
7.9.5 SWOT Analysis
7.10 Lloyd Insulations (India)
7.10.1 Business Overview
7.10.2 Financial Data
7.10.3 Product Landscape
7.10.4 Strategic Outlook
7.10.5 SWOT Analysis
7.11 Atlas Roofing Corporation
7.11.1 Business overview
7.11.2 Financial data
7.11.3 Product landscape
7.11.4 Strategic outlook
7.11.5 SWOT analysis
7.12 Duro-Last Roofing, Inc.
7.12.1 Business overview
7.12.2 Financial data
7.12.3 Product landscape
7.12.4 Strategic outlook
7.12.5 SWOT analysis
7.13 Recticel Insulation
7.13.1 Business overview
7.13.2 Financial data
7.13.3 Product landscape
7.13.4 Strategic outlook
7.13.5 SWOT analysis
7.14 Paroc
7.14.1 Business overview
7.14.2 Financial data
7.14.3 Product landscape
7.14.4 Strategic outlook
7.14.5 SWOT analysis
7.15 UP Twiga Fiberglass
7.15.1 Business overview
7.15.2 Financial data
7.15.3 Product landscape
7.15.4 Strategic outlook
7.15.5 SWOT analysis
7.16 Beijing New Building Material Group
7.16.1 Business overview
7.16.2 Financial data
7.16.3 Product landscape
7.16.4 Strategic outlook
7.16.5 SWOT analysis
7.17 Supreme Petrochem Limited
7.17.1 Business overview
7.17.2 Financial data
7.17.3 Product landscape
7.17.4 Strategic outlook
7.17.5 SWOT analysis
7.18 Superlon Worldwide
7.1